Dana Gas eyes sukuk accord

Dana Gas said it wanted to find a consensual deal to repay the remainder of a $1 billion sukuk maturing in October, and confirmed it had hired advisers to weigh up various options for the repayment.
The Abu-Dhabi-listed natural gas producer’s share price has been battered by concerns over how it will find the cash to repay the outstanding $920 million of the sukuk, issued in 2007, on time and in full. Its stock has dropped 40 per cent in the past year………………………………………..Full Article: Source